The coniferous roundwood production in Vietnam is forecasted to increase steadily from 1.3268 million cubic meters in 2024 to 1.3787 million cubic meters by 2028. Compared to 2023, where the production stood at 1.314 million cubic meters, the year-on-year variation shows a consistent positive growth trend—1.0% from 2023 to 2024, then 1.0%, 0.97%, 0.96%, and 0.94% for the subsequent years, respectively. The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 is approximately 0.98%.
Future trends to watch for:
- Environmental policies impacting forest management and logging practices.
- Market demand fluctuations influenced by global economic conditions.
- Technological advancements in sustainable forestry and wood processing.
- Potential changes in trade tariffs and export regulations.
